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Oil Slides Along With China Markets, Fed Comments in Focus

Crude-oil futures retreated again in Asian trade as the downtrend in Chinese equity markets continued to sour market sentiment, even as oversupply concerns still pressure oil prices.

By

Eric Yep

Updated Aug. 19, 2015 2:14 a.m. ET

Crude-oil futures retreated again in Asian trade Wednesday as the downtrend in Chinese equity markets continued to sour market sentiment, even as oversupply concerns still pressure oil prices.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $42.44 a barrel at 0431 GMT, down $0.18 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange fell $0.22 to...